PIK Group announced that Alexander Titov has been promoted to a position of Vice President for Economics and Finance - Chief Financial Officer, effective from January 19, 2015. Mr. Titov previously held various senior finance positions at PIK Group since 2006, including Chief Accountant and Chief Financial Controller. In his role as the Chief Financial Officer he will be responsible for a broad range of functions including accounting & reporting, capital management, corporate finance and investor relations.

Andrey Rodionov, who held the position of Vice President for Economics and Finance since 2010, has resigned from PIK Group to pursue other business interests.